Ausom Enterprise Limited Stock Forecast

Ausom Enterprise Limited stock price ended at ₹95.24 on Monday, after losing 0.792%.
(Updated on Jun 24, 2024)

AUSOMENT.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 8.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ausom Enterprise Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹97.20 and ₹98.19. A break-up above any of these levels will issue buy signals. Ausom Enterprise Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Ausom Enterprise Limited stock

Ausom Enterprise Limited finds support from accumulated volume at ₹93.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹2.20 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 3.28%.

Our recommended stop-loss: ₹90.83 (-4.63%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (AUSOMENT.NS) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Ausom Enterprise Limited to open at ₹95.68, and during the day (based on 14 day Average True Range), to move between ₹90.28 and ₹100.20, which gives a possible trading interval of +/-₹4.96 (+/-5.21%) up or down from last closing price. If Ausom Enterprise Limited takes out the full calculated possible swing range there will be an estimated 10.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹93.50 (1.83%) than the resistance at ₹100.05 (5.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ausom Enterprise Limited stock A Buy?

Ausom Enterprise Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.026 Hold/Accumulate Unchanged

Predicted Opening Price for Ausom Enterprise Limited of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.